Undergraduate students at Iowa’s three public universities face tuition increases in the fall that average 3.4 percent, under a proposal released Tuesday by the Iowa Board of Regents.

The board has twice postponed discussion about the 2018-19 tuition rates because of uncertainty around the state of Iowa’s current and future financial situation.

Last week, Gov. Kim Reynolds signed a bill authorizing $35.5 million in mid-year cuts to balance the state’s budget. Thirty percent, or $11 million of the cuts were to the University of Iowa and Iowa State University’s budgets. Officials at the universities have not yet said where they will reduce this year’s budgets to handle the cuts.